AmSouth Bank
AmSouth Bank (chartered as AmSouth Bancorporation) was a publicly-held company based in Birmingham which merged with Regions Bank in November 2006. AmSouth was previously known as First National Bank of Birmingham.
Prior Mergers
AmSouth's size more than doubled in 2000 when it absorbed Nashville-based First American National Bank. With the merger came hundreds of branches across Tennessee along with several in Kentucky, Virginia, and Mississippi. This is cited as a rare example of one bank absorbing another bank larger than itself. As part of the deal, AmSouth also acquired Deposit Guaranty Bank (which was operating as a subsidiary of First American).
Merger with Regions
On May 25, 2006, AmSouth announced it would merge with Regions Bank, another Birmingham-based bank, in a $10 billion deal. The new entity, and all of its branches, will carry the Regions name. The deal was finalized in November 2006. [1]
External links
- AmSouth Bancorporation official site
- Yahoo! - AmSouth Bancorporation profile